CION Investment Corp. Declares Two Regular Semi-Monthly Cash Distributions, Payable on September 3, 2013; Announces Board Changes
August 15, 2013 at 05:31 pm EDT
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CION Investment Corp. announced that on August 15, 2013, the board of directors declared two regular semi-monthly cash distributions payable in September 2013. Both distributions will be payable on September 3, 2013, the first, in the amount of $0.029867 per share, to shareholders of record as of August 15, 2013, and the second, at the increased rate of $0.030100 per share, to shareholders of record as of August 31, 2013.
The company also announced that on August 12, 2013, David J. Verlizzo, was appointed as Chief Compliance Officer of CION. Mr. Verlizzo replaces Michael R. Manley, as Chief Compliance Officer. Mr. Verlizzo joined ICON Capital, LLC in 2005 and formerly served as Managing Director and Counsel from 2007 to 2012.
CION Investment Corporation is an externally managed, non-diversified closed-end management investment company. The Company's investment objective is to generate current income and, to a lesser extent, capital appreciation for investors. Its portfolio is comprised primarily of investments in senior secured debt, including first lien loans, second lien loans and unitranche loans, and, to a lesser extent, collateralized securities, structured products and other similar securities, unsecured debt, and equity, of private and thinly traded United States middle-market companies. The Company's investment portfolio includes healthcare and pharmaceuticals, chemicals, plastics and rubber, high-tech industries, beverage, food and tobacco, capital equipment, banking, finance, insurance and real estate, aerospace and defense, construction and building, telecommunications, hotel, gaming, and leisure, automotive, and metals and mining. Its investment adviser is CION Investment Management, LLC.
CION INVESTMENT CORPORATION 
